FY2024 EPS Estimates for AR Boosted by Capital One Financial

Antero Resources Co. (NYSE:AR) – Investment analysts at Capital One Financial raised their FY2024 earnings estimates for Antero Resources in a research report issued to clients and investors on Tuesday, January 21st. Capital One Financial analyst B. Velie now expects that the oil and natural gas company will earn ($0.11) per share for the year, up from their prior estimate of ($0.16). The consensus estimate for Antero Resources’ current full-year earnings is ($0.12) per share.

AR has been the subject of a number of other reports. Bank of America initiated coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Mizuho increased their target price on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.63.

Antero Resources Price Performance

Shares of NYSE:AR opened at $40.14 on Thursday. The company has a market cap of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. Antero Resources has a fifty-two week low of $20.56 and a fifty-two week high of $41.53. The firm has a 50-day simple moving average of $34.59 and a 200 day simple moving average of $30.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AR. Calamos Advisors LLC bought a new position in shares of Antero Resources in the fourth quarter valued at $479,000. Trust Point Inc. acquired a new stake in shares of Antero Resources during the fourth quarter worth $226,000. Golden State Equity Partners raised its position in shares of Antero Resources by 820.3% during the fourth quarter. Golden State Equity Partners now owns 13,805 shares of the oil and natural gas company’s stock worth $484,000 after purchasing an additional 12,305 shares during the period. Spire Wealth Management purchased a new stake in shares of Antero Resources during the fourth quarter valued at $31,000. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Antero Resources by 30.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 57,608 shares of the oil and natural gas company’s stock valued at $2,019,000 after purchasing an additional 13,302 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.